The Bretton Woods Conference Created Two Major International Institutions

question 88

Multiple Choice

The Bretton Woods conference created two major international institutions.These are

• A)the International Monetary Fund and the World Bank.
• B)the World Trade Organization and the United Nations.
• C)the World Currency Exchange and the World Bank.
• D)the Bretton Woods Monetary Fund and the World Trade Organization.
• E)the European Bank of Reconstruction and Development and the World Trade Organization

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping due to the law of demand.

Cost Function

A mathematical relationship that describes how the costs incurred by a company vary with the level of output or production.

Cartel Arrangement

An agreement among competing firms in the same industry to control prices, limit output, or divide markets, in order to maximize profits collectively.

Manufacturing Plant

A facility that is equipped with machinery and staff for the purpose of producing goods on a large scale.